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The Indian stock market opened lower Friday morning,
tracking weak global cues ahead of U.S. jobs data. After three successive days of losses, the
market had moved higher on Thursday on bargain hunting and on passage of the
Finance Bill and the Insolvency and Bankruptcy Code Bill in Parliament. Also,
the market reacted positively to the Finance minister's Arun Jaitley remark
that the economy can grow at a reasonably good pace this year.
Nifty
still below 7700, Sensex struggles; Bharti, SBI gain 1% Bharti, SBI, ICICI and
Axis Bank is top gainers while Adani Ports, Dr Reddy's Labs, ONGC, BHEL and
Tata Steel are losers in the Sensex. The
Indian stock market is still struggling as the Sensex is down 139.95 points or
0.5 percent at 25122.26.
The Nifty has down 39.00 points or 0.5 percent at
7696.50. About 703 shares have advanced, 993 shares declined, and 92 shares are
unchanged. Bharti, SBI, ICICI and Axis Bank are top gainers
While Adani Ports, Dr Reddy's Labs, ONGC, BHEL and Tata Steel are losers in the Sensex. Oil prices dipped, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada's huge oil sands operations.
While Adani Ports, Dr Reddy's Labs, ONGC, BHEL and Tata Steel are losers in the Sensex. Oil prices dipped, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada's huge oil sands operations.
